Loan Party definition
Examples of Loan Party in a sentence
Each Borrowing shall be deemed to constitute a representation and warranty by each Loan Party on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section.
Each Loan Party, the Parent and each Group Subsidiary is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
Each Loan Party and the Parent agrees that it will not assert any claim against any Secured Party based on an alleged breach of fiduciary duty by such Secured Party in connection with this Agreement and the transactions contemplated hereby.
Where an Agent is obliged to consult with any Loan Party under the terms of the Loan Documents, unless otherwise specified, the Required Lenders must instruct such Agent, as applicable, to consult with such Loan Party in accordance with the terms of the relevant Loan Document and such Agent must carry out that consultation in accordance with the instructions it receives from the Required Lenders or the Lenders, as the case may be.
Each Loan Party and the Parent shall, and shall cause each Group Subsidiary to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities.